Venturing into affordable online master's in entrepreneurship programs can give innovative sole proprietors the fiscal footing to patent profitable startups. Forbes reported a hot entrepreneurial economy in 2017 as startup investments reached an all-time high of $148 billion. The number of self-employed freelancers has surpassed 8.75 million with 7.4 percent of U.S. job seekers starting their own businesses according to Fortune.
Nine of 10 startups still fail though, so earning an entrepreneurship master's online could pay off with the strategic managerial acumen to succeed. Accredited graduate B-schools often have entrepreneurship courses devoted to brainstorming, planning, launching, and operating new corporations. Following in the MBA footsteps of entrepreneurs like Elon Musk and Michael Bloomberg is recommended by LinkedIn to spark creativity, problem-solving, leadership, and networking.
Explore these promoted online degree programs.
These top, accredited schools offer a variety of online graduate degree programs. Figuring out where to apply? Consider one of these online Master's or PhD programs.
Most Affordable Entrepreneurship Master's Online
Other Master's in Entrepreneurship Management Online Degree Offerings
University of Massachusetts-Amherst
Online and Part-Time MBA with a Focus on Entrepreneurship
Average Graduate Tuition: $13,524 per year
Master of Business Administration (MBA) in Entrepreneurship Online
Average Graduate Tuition: $14,247 per year
Online Master of Business Administration (MBA) in Entrepreneurship
Average Graduate Tuition: $15,120 per year
Fox MBA Concentration in Entrepreneurship Online
Average Graduate Tuition: $15,786 per year
Full Sail University (Only possesses national ACCSC accreditation)
Online Master of Science in Innovation & Entrepreneurship
Average Graduate Tuition: $16,401 per year
Master's Degree in Entrepreneurship Online
Average Graduate Tuition: $16,800 per year
Online M.B.A. Concentration in Entrepreneurship and Managing Innovation
Average Graduate Tuition: $17,168 per year
Master of Business Administration (M.B.A.) in Entrepreneurship Online
Average Graduate Tuition: $18,530 per year
Online MBA Concentration in Corporate Innovation and Entrepreneurship
Average Graduate Tuition: $19,964 per year
MBA with Innovation Entrepreneurship Concentration Online
Average Graduate Tuition: $22,633 per year
Online Flex MBA Corporate Entrepreneurship Concentration
Average Graduate Tuition: $25,560 per year
MBA Concentration in Entrepreneurship Online
Average Graduate Tuition: $32,333 per year
Online MBA@Syracuse with the Entrepreneurship Specialization
Average Graduate Tuition: $34,632 per year
Which Career Opportunities Open After Online Entrepreneurship Master's Study?
Earning an online master's in entrepreneurship gives trendsetters the business wings to help startups and existing corporations fly. Having in-depth knowledge of organizational structures and strategies would bode well for virtually all upper-level jobs, except professorships needing a doctorate. Master's graduates could also pair their entrepreneurial spirit with in-demand industry certifications for marketability. For instance, the Small Business Research Institute offers the Certified Entrepreneurial Advisor (CEA) program for $29-$39 per month. The Project Management Institute has computer-based exams for designations like Professional in Business Analysis (PBA). Let's look into four sample careers where an entrepreneurship master's online would be viewed favorably.
Entrepreneur- The Global Entrepreneurship Monitor from Babson discovered that 27 million Americans have founded their own businesses, so this is an obvious route for online master's in entrepreneurship students. Entrepreneurs design new products, patent their innovation, set pricing, create long-term growth goals, market their brand, hire assistants, track accounts payable/receivable, present to investors, and run customer service.
Startup Consultant- Small businesses experiencing rocky launches could hire online entrepreneurship master's grads for intuitive guidance and strategies for improving operational growth. Startup consultants work freelance to analyze client problems, track sales cycles, assess market demand, present development plans, set actionable goals, negotiate better contracts, train newbie owners, attract investors, and monitor profitability progress.
Business Development Manager- Getting an entrepreneurship master's online could equip you for CNN Money's 32nd best job identifying ways existing corporations can expand with lucrative ventures. Business development managers contact potential partners, research market opportunities, generate sales leads, pitch new goods/services, build fruitful vendor relationships, oversee mergers, attend networking conferences, and nurture brand loyalty.
Chief Innovation Officer- One of the newest C-Suite roles, Chief Innovation Officer, would be suitable for entrepreneurship master's online graduates to formulate new corporate changes that boost industry competition. CINOs scout market research, expand current business boundaries, crowdsource creative ideas, direct seed funding, invest in promising projects, establish venture budgets, see changes to fruition, and report to the executives.
Read more: 10 Most Affordable Doctorates in International Business Online
Still Looking for the Right Fit? Discover Similar Programs.
How Much Do Entrepreneurship Master's Online Graduates Earn?
Picking a cheap entrepreneurship master's is smart because immediate income isn't guaranteed in startups. While the richest entrepreneurs inInc. Magazine are Bill Gates with $76 billion and Carlos Slim Helu with $72 billion, the average salary is just $64,970. Business occupations provide a median yearly wage of $66,530, which is higher than the overall $37,040 average according to the U.S. Department of Labor. Management analysts snag a mean consulting income of $91,910. Business development managers earn $100,790 on average. Sales managers take median pay of $117,960. The 223,260 chief executives bring home mean profits of $194,350. On Salary.com, small business finance managers report median revenue of $156,495. Other six-figure averages include $136,063 for marketing directors, $127,432 for e-commerce managers, and $131,724 for product managers.
What is the Employment Outlook for a Master's in Entrepreneurship Online Degree?
Now's an excellent time to pursue entrepreneurship online MBAs because the Bureau of Labor Statistics foresees a 10 percent uptick in business hiring through 2026 for 773,800 jobs. Top executive positions like Chief Innovation Officer will grow by 8 percent. Administrative services managers will see demand spike by 10 percent for 310,200 total employment. Faster-than-average job growth of 14 percent is expected for management consultants. One of the biggest draws to entrepreneurship is the ability to generate one's own self-employed prospects though. According to the Kauffman Foundation, the most in-demand industries for entrepreneurs are corporate wellness, human resources, food/beverage, social networking, and Internet broadcasting. Get inspired to join the 28.8 million U.S. small businesses that generate 1.1 million jobs yearly in these online master's in entrepreneurship programs.
Sources:
ForbesFortuneLinkedInCollege NavigatorCHEA
